As you are hopefully aware the market has been taking a bit of a beating as of late and volatility has spiked in all the indices.
But nothing has taken more of a beating this year than Bonds.
Bond volatility is thru the roof, and (as a contrarian), I'm hoping we are near the bottom. Instead of doing just a normal Short Put Vertical, today we are going to learn about a new trade: The Unbalanced Iron Condor.
As you will learn in the video, the reason we would do a trade like this is because we have an extremely strong assumption (in this case that the Bonds will turn around from here). But also, if the Bonds bounce back too far and too fast, we don't want to lose on the upside of an Iron Condor (meaning the Call side).
So in order to give ourselves the potential to make more money, we are going to make a riskier trade (meaning a Lower POP), but a higher potential reward if we are right on the Bonds bouncing.
Watch and learn,
Kal :)
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